Viking State Bank & Trust in Decorah, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2012

Viking State Bank & Trust - Overview

  • General
  • FDIC Certificate #: 34135
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Waukon State Bank (#1857)
    Federal Reserve ID: 2339964
    Bank Holding Company (Regulatory Top Holder): Wfc, Inc. (RSSDID: 1142783, Location: Waukon, IA)
    Date Established: Febuary 20, 1996
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 56278
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 20, 1996
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 19, 2012
    Last Data Update: January 19, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 321 West Water Street, Decorah, IA 52101
    County: Winneshiek
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $110.0 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $96.8 mil
    Return on assets (ROA): 2.27% ($2.5 mil)
    Quarterly return on assets: 2.63% ($2.9 mil)
    Return on Equity (ROE): 21.79% ($2.6 mil)
    Quarterly return on equity: 24.12% ($2.9 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.38% ($2,619.2 mil)
    Quarterly Pretax return on assets: 2.73% ($3,004.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $110,049Total assets
  • $12,635Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,756Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $79,141Net loans & leases
  • $1,361Loan loss allowance
  • $0Trading account assets
  • $1,208Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $110,049Life insurance assets
  • $1,309All other assets
  • $97,770Total liabilities and capital
  • $96,819Total liabilities
  • $84,464Total deposits
  • $96,819Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $750Trading liabilities
  • $0Other borrowed funds
  • $201Subordinated debt
  • $12,279All other liabilities
  • $12,279Total equity capital
  • $12,279Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,050Surplus
  • $9,029Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $460Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $620Income earned, not collected on loans
  • $0Earning assets
  • $842Long-term assets (5+ years)
  • $94,897Average Assets, year-to-date
  • $14,267Average Assets, quarterly
  • $107,949Volatile liabilities
  • $109,908Insider loans
  • $86,617FHLB advances
  • $109,640Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,830Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,067Restructured Loans and leases
  • $501Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,254Total interest income
  • $1,090Total interest expense
  • $4,164Net interest income
  • $30Provision for loan and lease losses
  • $407Total noninterest income
  • $0Fiduciary activities
  • $187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $220Additional noninterest income
  • $1,974Total noninterest expense
  • $1,056Salaries and employee benefits
  • $185Premises and equipment expense
  • $733Additional noninterest expense
  • $2,567Pre-tax net operating income
  • $0Securities gains (losses)
  • $118Applicable income taxes
  • $2,449Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,449Net income attributable to bank
  • $0Net charge-offs
  • $2,449Cash dividends
  • -$76Sale, conversion, retirement of capital stock, net
  • $1,163Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 2.27%Net operating income to assets
  • 2.27%Return on assets (ROA)
  • 2.38%Pretax return on assets
  • 21.79%Return on equity (ROE)
  • 11.44%Retained earnings to average equity (YTD only)
  • -0.09%Net charge-offs to loans
  • -39.47%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 43,185Assets per employee
  • 7.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.49%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 219.52%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 81.74%Net loans and leases to core deposits
  • 86.17%Equity capital to assets
  • 11.16%Core capital (leverage) ratio
  • 10.79%Tier 1 risk-based capital ratio
  • 13.66%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $107,949Average earning assets
  • $11,237Average equity
  • $94,665Average loans

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